S&P 500 hits new high as Santa rally begins

On Wednesday, the S&P 500 soared to a fresh intraday high, powered by broad sector gains in a short Christmas Eve trading day. Enthusiasm among investors soared as they look forward to potential interest rate cuts by the Federal Reserve next year, spurred by encouraging economic signals, particularly the strong third-quarter growth recorded in the US.

S&P 500 hits new high as Santa rally begins
On Wednesday, the S&P 500 soared to a fresh intraday high, powered by broad sector gains in a short Christmas Eve trading day. Enthusiasm among investors soared as they look forward to potential interest rate cuts by the Federal Reserve next year, spurred by encouraging economic signals, particularly the strong third-quarter growth recorded in the US.